Tuesday, December 19, 2006

In 2005, the total amount of Chinese social logistics reached RMB4.8 trillion, which was expected to double in 2010 to RMB9 trillion. In order to take a part of this luring market, local logistics enterprises have accelerated their expansion while many international logistics giants are coming to China. Shandong SITC Group, a private-owned major Chinese maritime enterprise, has announced in Shanghai recently that they will finalize the merger with Beijing NTS by Jan.2007. SITC Group is the fourth shipping and logistics enterprise after COSCO Group, China Shipping (Group) Company and Sinotrans with sea transportation volume as much as 1 million standard containers in 2005, and NTS is a domestic airfreight logistics company with the biggest exporting volume.